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and shall perform, comply with and abide 6y each and every the agreements, sttpulnltont, eonditions and
covenants !hereof, and of this mortgage, then !his mortgage and fhs estate hereby created, shall cease, d.-
termine and 6e null and void.
?ll[d the mortgagor hereby jurlher covenants and agrees to pay promptly when due the principal and
interest and other auras o! money provided jor trt said Hole and this mortgage, or either; to pay nII and
singular the taxes. assessments, levies, liabilities, obligations. and encumbrances of every nature on said pro-
perty: to permit, commit or suffer no waste. impairment or defertornlion of said land or the tmprovemenls
thereon at any time: to beep the buildings now or hereafter on said land fully insured in a sum of not less
than full insurable value ~
to a company or companies acceptable fo the mortgagee. the policy or policies to be held by, and payable
fo, said mortgagee. and to the event any sum of money becomes payable by virtue of such insuranq the
mortgagee shall have the right to receive and apply the same !o the indebtedness hereby secured, accounting
to the mortgagor jor any surplus: to pay all costs. charges, and expenses, Including lawyer's Jess and tills
searches. reasonably incurred or paid by the mortgagee because of the jailors of the mortgagor to promptly
. and jolly comply u?ith the agreements, stipulations, conditions and covellan[s of said note and this mortgage,
or either; to perform, comply tuith and abide by each and every the agreements, stipulations, conditions and
covenants set forth to said note and this mortgage or either. In the event the mortgagor jails !o pay when
clue any tax, assessment, insurance premium or other sum of money payable by virtue of said Hots and this
mortgage. or either. the mortgagee may pay the same. without waiving or a
f
f
ecling the option to foreclose
or any other right hereunder, and all such payments shall bear interest from date th4reoj a! the highest law-
ful rate then allowed 6y the laws of the State of Florida. .
~l any sum of money herein referred to be no! promptly paid within .-15- days next after
she same 6eeomes dos, or ij each ared every the agreements, stipulations, conditions and covenants of said
note and this mortgage, -or either, are not fully performed, complied with and abided by, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall jorthtgifh or
!hereafter, at the option of the mortgagee. 6eeome and 6g dos and payable, anything in said note or•hsrein
to the contrary notwithsfnnding. Failure by the mortgages to exercise any of the rights or options herein
provided shall not constitute a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~ .f,
li #r
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(CORPORATE. ~It witness whereof the mortgagor has usi~' . ~ ~ r
SEAL:) be executed in ifs name. and its corporate seal to be~erAj~p(o `y,.~- ~
A
proper of
jicers thereunto duly authorized, the day and~year:~frst wn~i4
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_
_ SUNBLEST DEVELOPMENT I 0~:~:-~
ATTEST' a...._ _
Secrctaq
$ign an to seats of
I By. -
TH M S S • TH , p~„t
i9i9 AUK 23 PN 2 40
FILED ANO RECORDkD
SL LUCIE COUNTY. FLA.
ROGER POITRAS ,
Cl.ERt(CIRCUIT CDttRT
Mate of FLORIDA RECORD VERIFIED
~'OUnty o` MARTIN
I //EREBY CERTIFY Iba1 on Ibis day. 6eJa.e me, on of/urn duty outRorlud In tl~e Slots and County aforesaid to lo4e ocba~rGdQ-
ments, persorolly apprand THOMAS E • SMITH r
~ ssrll Known to me to be Ibe Presidrnl XaQ wvaariilty o/ Ibe oorpardian sso~wed as
mortpopor in Ibe loreyoing inslrumenf, oral Ibal !bey set+erolly arl~n«.~ledged eieculinp lbe same, in Ibe prexnre of law subscridirp sdlrsrues.
freely and enluntwdy undo, autboriq duly srsled in Ibem 6s said corporation and Ibe Ibe seal aJ~ixed lbento is Ibe true cwporod seal
said cwporalion.
Wrt'NES$ my bare! and oJfidal seal in the County and Stale last aforesaid Ibis day ~ August ;
A. D. t9 79. `~,~....K.,
r~
s~'ri';.~~3 Notary Public
• It
~NZ _ State of Florida at Large
N ;
°rtri:~~•. a~r~~~~`: My Commission expires: 7/l~/pz
_ {l, _ (NOTARIAL SEAL)
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